China industrial profits continued to increase in October albeit at a slower pace, the National Bureau of Statistics said Monday. Industrial profits grew 2.7 percent on a yearly basis in October. The pace of increase slowed notably from the 11.9 percent rise posted in September.
During January to October, industrial profits decreased 7.8 percent from the same period last year. Nonetheless, this was slightly slower than the 9 percent decline seen in the first nine months of the year, data showed.
